FOXTONS FOUNDER PLOTS HOUSING PROJECT

Property mogul Jon Hunt (inset) has launched an investment firm, Bacchus Partners, to fund the development of hundreds of residential schemes in the southeast. Hunt will use part of the £370m he netted from selling estate agent Foxtons to private equity firm BC Partners at the top of the housing market in 2007. Hunt will work with up to 20 property companies to develop social housing and other more affordable homes.